on Thursday, Backstage Capital founder Arlan Hamilton addressed both SoftBank's $100 million fund and Andreessen Horowitz's nonprofit fund, noting that they were off to a good start but both firms — as well as a number of other firms in the industry — had the resources to do more.
Jones didn't directly address that critique in his thread, but noted that the fund's starting amount — all "generously awarded" donations from the fund's partners — had grown. A commitment from Ben and Felicia Horowitz to match donations of up to $5 million had allowed the fund to multiply in size, Jones said.
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